House Votes in Favor of Avoiding “Fiscal Cliff”

Written by Larry Crippen. Posted in Local News, News

House Votes in Favor of Avoiding “Fiscal Cliff”

Published on January 02, 2013 by Larry Crippen

Late Tuesday night, Congress passed legislation avoiding the “fiscal cliff” of increasing taxes for the middle class and spending cuts by a vote of 257 to 167.

The new legislation raises taxes on individuals whose income is over $400,000 dollars and for couples who make over $450,000 dollars a year. Earlier, the Senate had passed the legislation by a vote of 89 to 8.

The bill also prevents the expiration of extended unemployment benefits for around 2 million jobless Americans, stops a 27 percent reduction in fees for physicians who treat Medicare patients, avoids a rise in milk prices, and cuts off a pay increase for legislators from going into effect in March.

Following the House vote, Speaker of the House John Boehner said, “Now the focus turns to spending.”

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